Richardson Electronics calls $14 million of its 7.75% convertibles

By Angela McDaniels

Tacoma, Wash., May 5 - Richardson Electronics, Ltd. will redeem $14 million of its $33,833,000 outstanding principal amount of 7.75% convertible senior subordinated notes due 2011, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The company will redeem the notes on May 14 at par plus accrued interest up to but excluding the redemption date.

Law Debenture Trust Co. of New York is the trustee for the notes.

Richardson is a LaFox, Ill., electronics components distributor.

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